IIFL Finance facing liquidity crunch after gold loan business curbs
Mon, May 6, 2024 3:29 PM

IIFL Finance facing liquidity crunch after gold loan business curbs

A Flip by Riya Sharma
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IIFL Finance is facing a liquidity crunch as banks have turned cautious while lending to it following a clampdown on the non-bank lender's gold loan business, a senior official and two bankers told Reuters."Banks are neither sanctioning new lines (of credit) nor disbursing from already sanctioned limits," the official at the company, who did not want to be named, said.

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